Description
Chandrima Mercantiles Ltd announces sub-division of equity shares from Rs.10 to Re.1 each with record date August 20, 2025.
Summary
Chandrima Mercantiles Ltd (Scrip Code: 540829) has announced a sub-division of its equity shares. Each existing equity share of Rs.10 face value will be sub-divided into ten equity shares of Re.1 face value each, with the record date set for August 20, 2025.
Key Points
- Company: Chandrima Mercantiles Ltd (Scrip Code: 540829)
- Record Date: August 20, 2025
- Sub-division ratio: 1 equity share of Rs.10 becomes 10 equity shares of Re.1 each
- New paid-up value: Re.1 per share
- Effective date: August 20, 2025
- Current ISIN (INE371F01016) for Rs.10 shares will become invalid from August 20, 2025
Regulatory Changes
The existing ISIN Number INE371F01016 for Rs.10 paid-up shares will not be valid for exchange transactions on or after August 20, 2025. A new ISIN number for Re.1 paid-up shares will be communicated through a separate notice.
Compliance Requirements
Trading members must be aware of the share sub-division and ensure proper handling of transactions post the record date. The company has set the record date for dematerialized securities under rolling settlement.
Important Dates
- Record Date: August 20, 2025
- Effective Date: August 20, 2025
- Notice Date: August 14, 2025
Impact Assessment
This corporate action will increase the number of outstanding shares by a factor of 10 while proportionally reducing the face value. Shareholders will receive 10 shares of Re.1 each for every 1 share of Rs.10 held. The action may improve liquidity and make shares more accessible to retail investors due to lower absolute share price.
Impact Justification
Corporate action affecting share structure of listed company with specific record date requirements